Personal Income Tax regarding promotional gift
On May 21st 2018, Hanoi Department of Tax released Official dispatch No 32286/CT-TTHT. Whereby, in case Enterprise carries out promotional program for giving gift to customer. If this program has already been registered with Industry and Trade Department and not included in income from wining prize or gift under regulations in Clause 6 and Clause 10 Article 2 Circular No 111/2013/TT-BTC, then Enterprise is not required to deduct PIT of individual who received promotional gift.
In case the gift is motorcycle or other assets that is subject to registration of ownership and use right with state management agency under law, the Enterprise is required to declare and deduct PIT according to regulations.
